Huntington Ingalls Industries Inc (HII) Given Consensus Recommendation of “Hold” by Brokerages
Huntington Ingalls Industries Inc (NYSE:HII) has received a consensus rating of “Hold” from the ten research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $222.57.
A number of research analysts have commented on the stock. Cowen reissued a “hold” rating and set a $225.00 target price on shares of Huntington Ingalls Industries in a research report on Friday, October 6th. Credit Suisse Group reissued a “neutral” rating and set a $241.00 target price (up previously from $211.00) on shares of Huntington Ingalls Industries in a research report on Thursday, November 9th. Zacks Investment Research raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating and set a $282.00 target price on the stock in a research report on Friday, November 10th. Citigroup reissued a “neutral” rating and set a $233.00 target price (up previously from $224.00) on shares of Huntington Ingalls Industries in a research report on Monday, October 9th. Finally, ValuEngine raised shares of Huntington Ingalls Industries from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st.
Huntington Ingalls Industries (HII) traded up $2.29 during midday trading on Monday, reaching $236.04. 353,032 shares of the company’s stock were exchanged, compared to its average volume of 2,346,380. The company has a quick ratio of 1.38, a current ratio of 1.52 and a debt-to-equity ratio of 0.75. The stock has a market cap of $10,579.82, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 1.31 and a beta of 1.18. Huntington Ingalls Industries has a 1-year low of $183.42 and a 1-year high of $253.44.
Huntington Ingalls Industries (NYSE:HII) last posted its earnings results on Wednesday, November 8th. The aerospace company reported $3.27 EPS for the quarter, beating analysts’ consensus estimates of $2.78 by $0.49. The business had revenue of $1.86 billion for the quarter, compared to the consensus estimate of $1.80 billion. Huntington Ingalls Industries had a net margin of 8.31% and a return on equity of 33.37%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. equities research analysts expect that Huntington Ingalls Industries will post 12.09 earnings per share for the current year.
Huntington Ingalls Industries declared that its Board of Directors has initiated a share repurchase program on Tuesday, November 7th that permits the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization permits the aerospace company to reacquire shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.
In other news, VP D R. Wyatt sold 800 shares of Huntington Ingalls Industries stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $240.33, for a total value of $192,264.00. Following the transaction, the vice president now owns 19,065 shares of the company’s stock, valued at approximately $4,581,891.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Philip M. Bilden acquired 2,200 shares of the business’s stock in a transaction dated Friday, November 24th. The stock was purchased at an average cost of $234.11 per share, for a total transaction of $515,042.00. The disclosure for this purchase can be found here. 2.22% of the stock is owned by insiders.
Institutional investors have recently modified their holdings of the company. Howe & Rusling Inc. grew its position in Huntington Ingalls Industries by 4,844.4% during the 3rd quarter. Howe & Rusling Inc. now owns 445 shares of the aerospace company’s stock worth $101,000 after purchasing an additional 436 shares during the last quarter. Toronto Dominion Bank grew its position in Huntington Ingalls Industries by 6.8% during the 2nd quarter. Toronto Dominion Bank now owns 565 shares of the aerospace company’s stock worth $105,000 after purchasing an additional 36 shares during the last quarter. Pacer Advisors Inc. grew its position in Huntington Ingalls Industries by 7.0% during the 2nd quarter. Pacer Advisors Inc. now owns 889 shares of the aerospace company’s stock worth $165,000 after purchasing an additional 58 shares during the last quarter. Sigma Planning Corp purchased a new stake in Huntington Ingalls Industries during the 3rd quarter worth approximately $214,000. Finally, Fox Run Management L.L.C. purchased a new stake in Huntington Ingalls Industries during the 3rd quarter worth approximately $226,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.
Huntington Ingalls Industries Company Profile
Huntington Ingalls Industries, Inc is a military shipbuilding company and a provider of professional services to partners in government and industry. The Company’s business consists of the design, construction, repair and maintenance of nuclear-powered ships and non-nuclear ships for the United States Navy and coastal defense surface ships for the United States Coast Guard, as well as the refueling and overhaul and inactivation of nuclear-powered ships for the United States Navy.
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